New Wave Loans Provides $9.5M Construction Loan For Industrial Property In Holmdel
FINANCED
$9,500,000
New Jersey
See Similar DealsIndustrial
Financed 02/22/2023
FINANCED
New Wave Loans Provides $9.5M Construction Loan For Industrial Property In Holmdel
2125 New Jersey Highway 35
See Similar DealsIndustrial
Financed 02/22/2023
Summary
NEW JERSEY
Asset Type:Industrial
Transaction Type:Loan
The Feldman Companies, represented by Jordan Feldman, Mitchell Feldman, and Matthew Beggs, have secured a construction loan from New Wave Loans for an industrial property located at 2125 New Jersey Highway 35 in Holmdel. The property spans a total of 78,400 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,500,000
- Lender: New Wave Loans
- Landlord: The Feldman Companies - Jordan Feldman, Mitchell Feldman, & Matthew Beggs
This loan transaction involves The Feldman Companies, with Jordan Feldman, Mitchell Feldman, and Matthew Beggs serving as the representatives of the landlord. The construction loan, provided by New Wave Loans, amounts to $9,500,000 and is secured for the industrial property situated at 2125 New Jersey Highway 35 in Holmdel.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,500,000.00
Monthly NOI$63,333.33
Monthly Debt Service$60,046.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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